Wayne Farms to raise $100 million in IPO

Wayne Farms, the sixth largest broiler company in the United States, has filed a registration statement with the US Securities and Exchange Commission (SEC) to raise up to $100 million in an initial public offering (IPO) of Class A common stock. The number of shares or the pricing has not been specified. The shares are said to be traded under the symbol WNFM. Paul Fribourg, CEO of Wayne Farms’ parent company Continental Grain, said an IPO may be a way for the company to gain capital as co